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News in English (USA) / 10.03.2025 / 22:00

Rocket Companies Announces Acquisition of Redfin for $1.75 Billion

Rocket Companies is set to acquire Redfin, a Seattle-based real estate brokerage, in a landmark $1.75 billion deal. This all-stock transaction has led to a significant rise in Redfin’s stock prices, with shares soaring more than 75% following the announcement. The merger is seen as a strategic move by Rocket to create a one-stop shop for home buyers, accelerating its presence in the real estate market. Various investigations into the fairness of the sale for Redfin shareholders have also been initiated amidst this high-profile acquisition.
TechCrunch, Yahoo Finance, The Seattle Times, Axios, The Wall Street Journal, The Business Journals, MarketWatch, "Crains Detroit Business", CNBC, "Investors Business Daily"